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Firdavs [7]
2 years ago
15

During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. O

n that date, the Lionel Magazine Company properly recognized Unearned Revenue. The adjusting entry to record on July 31 for the first month of advertising space includes:
Business
2 answers:
daser333 [38]2 years ago
3 0

Answer:

Lionel Magazine

The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:

Debit to the Unearned Revenue account with $200

and

Credit to Earned Advertising Revenue account with $200

This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.

Explanation:

a) Data and Analysis:

Unearned Revenue $200 Earned Revenue $200 ($1,200/6)

Gnom [1K]2 years ago
3 0

Answer:

Lionel is a resident at a personal care home. A direct care staff person threatened to steal Lionel’s collection of car magazines if he did not socialize with other residents during recreational activities. The threat of stealing Lionel’s magazines is an example of ____________.

Explanation:

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Stephen Thublin invests $1,000,000 in a 45-day certificate of deposit with 6.55% interest. What is the total interest income fro
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Answer:

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Which calculation helps determine which producer has the absolute advantage? Resources used multiplied by amount produced
zalisa [80]

Answer

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Explanation

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7 0
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vladimir1956 [14]

Answer:

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